D4rkEnergY

BITCOIN Will NOT Go Through The ROOF NOW -Expect BTC To Drop....

Short
D4rkEnergY Updated   
BITMEX:XBTUSD.P   Bitcoin
D4 will guide you as always - this time he will give you a signal. D4 cares about you, and want the best for you.

BTC-Bulls are fighting at the moment - they want to make that higher high and break that ascending triangle roof. I still don't think they manage to do so, and here are the reasons:

1. Take a look at the Regular Bearish Divergence - it's everywhere: MACD line, Histogram and RSI. It tells us, that down is more likely.

2. Even though the Market Sentiment is bullish, we have an increasing Global Market Cap, BTC dominance is dropping and everything looks good, I think the whales have another Stop Hunt plan, which will take us down.

3. Our Elliott Waves also match this scenario.

When that is said I'm still overall bullish in this market, and I believe, that we will see Bull Market within 3 months. I argue for that here:


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Comment:
We are slowly dropping. Its looking better for the bears - We are now caught inside an ascending wedge with regular bearish divergence on RSI and MACD. This should mean, that we soon will go down.


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